State Of Rajasthan & Anr vs J.K. Udaipur Udyog Ltd. & Anr

The Supreme Court interpreted the Rajasthan Sales Tax/Central Sales Tax Exemption Scheme for Industries, 1998, framed under Section 15 of the Rajasthan Sales Tax Act, 1994, and Section 8(5) of the Central Sales Tax Act, 1956. The Court held that the scheme provides for sales tax exemptions to new and sick industrial units, clarifying the eligibility criteria for benefits under the scheme. The judgment emphasized the importance of adhering to the policy's objectives of promoting industrial growth in Rajasthan, ultimately upholding the scheme's provisions.